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Home / Metal News / SMM Weekly Review on Brass Imports (Feb. 4-8)

SMM Weekly Review on Brass Imports (Feb. 4-8)

iconFeb 8, 2013 14:20
Brass importers continued incurring losses and thus evinced no appreciable interest in importing.

SHANGHAI, Feb. 8 (SMM) –Turning to the brass market, CIF quotations for US brass, Western inched up to USD 5,250-5,280/mt last week. CIF offers for Bulgarian brass increased to around USD 4,930/mt, and roughly USD 4,830/mt for German and Spanish brass. Mainstream quotes for US brass, Western were also raised higher to RMB 38,500-38,900/mt on China’s domestic markets. Brass importers continued incurring losses and thus evinced no appreciable interest in importing.
 

China brass imports
China brass importers
China brass import losses
brass prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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